Summit Global Investments Purchases 22,966 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Summit Global Investments grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,587 shares of the company's stock after purchasing an additional 22,966 shares during the quarter. Summit Global Investments' holdings in Honda Motor were worth $3,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HMC. Asset Planning Inc acquired a new stake in Honda Motor during the 4th quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Honda Motor during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor in the third quarter valued at about $36,000. Manchester Capital Management LLC acquired a new position in Honda Motor in the fourth quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in Honda Motor by 70.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock worth $53,000 after buying an additional 770 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HMC. UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

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Honda Motor Trading Down 1.9 %

Honda Motor stock traded down $0.59 during mid-day trading on Wednesday, hitting $29.55. 1,061,144 shares of the company's stock were exchanged, compared to its average volume of 1,013,220. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.37. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $46.12 billion, a P/E ratio of 6.87 and a beta of 0.61. The company's 50 day simple moving average is $28.47 and its 200-day simple moving average is $28.79.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. On average, equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.